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What are the characteristics of a purely competitive market? What makes these important? List at least two industries that are characterized by perfect competition.
With regard to global warming policy, describe, in a short paragraph, the importance of: Discounted costs and benefits. b) Public goods.
On April 1, 2015, a company loans one of its suppliers $53,000 and accepts a 30-month, 12% note receivable. Calculate the amount of interest revenue the company will recognize in 2015, 2016, and 2017. (Do not round intermediate calculations. Round yo..
How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment?
How could I make a riskless profit without any money tied up assuming that there are no transaction costs in buying and or selling foreign exchange
A wealthy businessman wants to start a permanent fund for supporting research on sustainability. The donor plans to give equal amounts of money for each of the next five years, plus one gift now (i.e., six donations in total), so that $100,000 per ye..
how does each shrimp producer react to the increase in price? A. Each producer decreases its production of shrimp. B. Each producer increases its production of shrimp.
Suppose a monopolist faces the following demand curve: p=420-4q Marginal cost of production is constant and is $36, and there are no fixed costs. What is the profit maximizing level of output? What profit maximizing price will be charged? How much pr..
How large much each annual payment be if the loan is for $50,000? Assume that the interest rate remains at 10 percent, compounded annually.
The costs of production that require monetary payment: A period too brief for some production inputs to be varied: Occur in an output range where LRATC rises as output expands: The relationship between the quantity of inputs and the quantity of outpu..
Determine the internal rate of return for a project that costs $177,000 and would yield after-tax cash flows of $21,000 per year for the first 5 years
Calculate the new quantity of durian demanded if the retailer originally sells 140 kg of durians at price of $51 per kg and he now reduces the price to $45 per.
Firms in the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average ..
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